The Top Regular Savers Discussion Thread

subjecttocontract

My Coventry Loyalty Seasonal Saver is still paying a reasonable rate, better than I can get by depositing it anywhere else, so I'm not in any rush to close it.

allegro120

BestSeagull said:

allegro120 said:

BestSeagull said:

allegro120 said:

Hattie627 said:

janusdesign said:

BestSeagull said:

s71hj said:

So my Principality RS issue 3 maturity instructions now show online. The RS 4 is an option, which is wasn't on the letter I received. It feels like the jury is out on here whether timing or random chance dictates whether /how to get such a request through successfully when you already have an RS 4
 I'm wondering if today as a non working day followed by a busy Monday morning would. be worth a try. Thoughts? 

You know, I was wondering myself (after putting it down to luck originally), if timing has anything to do with it. I thought about submitting a last minute request as perhaps then it would be too late to deny? And it's probably just coincidence but I noticed that both of my rejection messages arrived on a Tuesday.

i've just gone through my last 4 maturity instructions - the one yesterday (Saturday morning) and the other 3 were all submitted Thursday lunchtimes... the last two, both rejected, were replied to by she with no name; the one before that accepted by another member of staff and the fourth was unsigned (but accepted)... 3 replies within 30 mins of submitting, the other was next day... I would suggest that if you haven't been rejected after a working day or two of submission, you'll get the maturity choice you requested.

one interesting point that I just noticed is that when you submit the maturity choice online (the yellow box within the product), it actually generates a secure message to PBS - when I looked in the "Sent" folder of the secure messages, I can see the maturity choices I made using the forms, had generated secure messages containing those instructions... I think the Maturity options link from the top menu also generates a similar secure message to them.

therefore, I think it's literally a case of who happens to checking the generated secure messages at the time - if submitted during working hours, it will usually be dealt with quickly; if submitted overnight/weekend, it will be dealt with next working day... but there would be no way to know in advance of submission who, in the digital team, would be dealing with it (much like who you get when you call them).

I think I may have solved it, maybe ?

I did maturity instructions yesterday morning for my Issue 3 maturing 13th September, asking for a rollover to Issue 4. They have been acknowledged by the appearance of the yellow box confirming receipt of instructions and promising to implement on maturity. 

I looked into my sent folder of my secure messages....no secure message was sent.

So it seems that sometimes a secure message is being generated, sometimes not. If a secure message IS generated, it will be dealt with by a human at PBS. Depending on how clued up that individual is, the instruction will be allowed through OR rejected. But if no secure message is generated and sent, the instruction will go through.

So, if you check your sent folder after entering your instructions and find that the secure message has been sent, you have a chance of being rejected. If no secure message, you are okay.

Not sure why the secure message is sometimes sent and sometimes not.

This makes sense.  I've checked my messages for the past 2 years - there's nothing in connection with maturity choices or 6 month RSs. I only have messages about opening and closing Triple Access accounts, nothing else.  I do get letters about my maturity instructions though, so I guess the system triggers the letters instead of secure messages for me.

@allegro120, just to clarify, those messages are ones sent from "you" to Principality, triggered by the maturity instruction being given. You looked in your sent messages and there were none relating to maturity instructions?

Do you remember which of the maturity options you chose? no 2 being to "take some money out and move the rest into a new savings account" and no 4 "being to take out all your money and open a new regular saver"

Thanks!

I've looked at my "sent" messages now.  No messages about maturity instructions, only about the account I've instructed to close. 

I chose "take some money out and move the rest into a new savings account".

Thanks. What did you choose for the rest of your money? Electronic transfer out or transfer to another Principality account.

Electronic transfer out.

Kazza242

Nationwide Building Society are launching issue 7 of their Flex Regular Saver, paying 6.50% (variable).

The terms are similar to earlier issues. 
- The account is available to new and existing Nationwide current account customers.  
- You can only be named on one Flex Regular Saver product at any time (of any Issue). 
- Pay in up to £200 per month
- 3 penalty-free withdrawals permitted
- The account runs for 12 months

Once launched, the account should appear here.  

jameseonline

No point closing Coventry Sunny Day for me, mine ends on 4th or 5th.

Funded majority of my regulars today, several times with Principality 🤣, I should probably stop collecting those, given Darlington a miss (seems I can miss payments with them), still got some other accounts (Skipton, BOS, Lloyds, Monmouthshire, Newcastle)I can use for any over flow.

Few accounts coming to an end in next few months, Coventry, few Principality, Market Harborough.

Probably going to get rid of the Principality 2 Year Healthy Habits soon to be honest.

Probably going to start emptying Club Lloyds but keep open.

I fully expect plans may change around savings week but yeah, for now gradually moving funds into 7% Monmouthshire seems to be the way things are heading.

jameseonline

Kazza242 said:

Nationwide Building Society are launching issue 7 of their Flex Regular Saver, paying 6.50% (variable).

The terms are similar to earlier issues. 
- The account is available to new and existing Nationwide current account customers.  
- You can only be named on one Flex Regular Saver product at any time (of any Issue). 
- Pay in up to £200 per month
- 3 penalty-free withdrawals permitted
- The account runs for 12 months

Once launched, the account should appear here.  

I wish Nationwide would up the £200 to at least £250 tbh, many other big companies do £250 minimum a month, also feel the same in regards to Santander but 5% doesn't do anything for me.

Hmm could gradually move money out of Club Lloyds to fund the Nationwide Regular.

Nationwide Regular 7 seems to be available on app.

Bridlington1

Usual drill:
Leeds BS Regular Saver (Issue 67) at 4.7% to go NLA, replaced by issue 68 with a new maturity date of 1/9/27.

masonic

Bridlington1 said:

Usual drill:
Leeds BS Regular Saver (Issue 67) at 4.7% to go NLA, replaced by issue 68 with a new maturity date of 1/9/25.

1/9/27?        

trickydicky14

Aidanmc said:

Speculator said:

Is everyone closing their unwanted Coventry Regular Savers tomorrow. 

I already closed the Loyalty RS earlier this week.
My Sunny Day RS matures today so should be available to withdraw tomorrow

My Sunny Day RS matured today and I've managed to move the money out just now. No need to wait till tomorrow.

Bridlington1

masonic said:

Bridlington1 said:

Usual drill:
Leeds BS Regular Saver (Issue 67) at 4.7% to go NLA, replaced by issue 68 with a new maturity date of 1/9/25.

1/9/27?        

Apologies, now corrected

jaypers

apt said:

Speculator said:

Is everyone closing their unwanted Coventry Regular Savers tomorrow. 

I'm keeping one just so it is easy to open an account with them if they finally get round to launching something decent and to qualify for any potential loyalty product. Won't be much money in it though.

I’m keeping the minimum £1 in the EA account they are going to create to remain a customer.